62,901 Shares in Sonida Senior Living, Inc. $SNDA Purchased by Walleye Capital LLC

Key Points

• Walleye Capital acquired 62,901 Sonida Senior Living shares in the second quarter, valued at approximately $2.6 million and representing about 0.13% of the company. Institutional investors collectively own 87.55% of SNDA.
• Analyst sentiment is generally positive, with five Buy, two Hold, and one Sell rating, producing a consensus “Moderate Buy” rating and a $47.50 target price.
• Sonida reported a quarterly loss of $0.52 per share, missing estimates by $0.43, on revenue of $207.65 million. Shares opened at $39.25, while analysts expect a full-year loss of $1.72 per share.

Walleye Capital LLC bought a new stake in Sonida Senior Living, Inc. (NYSE:SNDA - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 62,901 shares of the company's stock, valued at approximately $2,566,000. Walleye Capital LLC owned about 0.13% of Sonida Senior Living at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Brookstone Capital Management acquired a new stake in shares of Sonida Senior Living during the 1st quarter worth approximately $258,000. Capital Advisors Ltd. LLC acquired a new position in Sonida Senior Living in the first quarter valued at approximately $45,000. Ocean Park Asset Management LLC acquired a new position in Sonida Senior Living in the first quarter valued at approximately $337,000. RFG Advisory LLC purchased a new position in Sonida Senior Living in the first quarter worth approximately $279,000. Finally, Ritholtz Wealth Management purchased a new position in Sonida Senior Living in the first quarter worth approximately $545,000. Hedge funds and other institutional investors own 87.55% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SNDA shares. Wall Street Zen upgraded Sonida Senior Living from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Citigroup initiated coverage on Sonida Senior Living in a report on Monday, July 27th. They set a "market outperform" rating for the company. Morgan Stanley raised their price objective on Sonida Senior Living from $31.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Friday, May 29th. Cantor Fitzgerald boosted their price objective on shares of Sonida Senior Living from $42.00 to $47.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, Weiss Ratings upgraded shares of Sonida Senior Living from a "sell (d-)" rating to a "sell (d)" rating in a report on Wednesday, July 29th. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $47.50.

Sonida Senior Living Trading Up 0.1%

NYSE:SNDA opened at $39.25 on Friday. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of -6.34 and a beta of 0.80. The company has a fifty day moving average of $39.19. Sonida Senior Living, Inc. has a 12-month low of $24.65 and a 12-month high of $44.38. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.44 and a current ratio of 0.88.

Sonida Senior Living (NYSE:SNDA - Get Free Report) last released its earnings results on Monday, August 10th. The company reported ($0.52) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.43). Sonida Senior Living had a negative return on equity of 25.53% and a negative net margin of 23.27%.The company had revenue of $207.65 million for the quarter. During the same period last year, the firm earned ($0.16) earnings per share. Equities analysts forecast that Sonida Senior Living, Inc. will post -1.72 EPS for the current year.

Sonida Senior Living Profile

Sonida Senior Living NYSE: SNDA is a publicly traded company that owns and operates senior living communities in the United States. The company’s core business centers on providing housing and care services for older adults, with an emphasis on assisted living, memory care and related supportive services tailored to residents’ needs.

Sonida’s communities combine residential accommodations with on-site services such as personal care assistance, medication management, dining programs, social and recreational activities, and clinical oversight.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source